Investors bought shares of Amazon.com Inc. (NASDAQ:AMZN) on weakness during trading hours on Thursday. $546.62 million flowed into the stock on the tick-up and $485.53 million flowed out of the stock on the tick-down, for a money net flow of $61.09 million into the stock. Of all equities tracked, Amazon.com had the 3rd highest net in-flow for the day. Amazon.com traded down ($1.43) for the day and closed at $741.20

A number of equities analysts have weighed in on the company. Morgan Stanley restated a “buy” rating and issued a $800.00 price target on shares of Amazon.com in a report on Saturday, April 2nd. Jefferies Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. JMP Securities reaffirmed a “buy” rating and issued a $775.00 target price on shares of Amazon.com in a research report on Saturday, July 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a research report on Saturday, April 30th. Seven analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $799.90.

The company has a market capitalization of $347.00 billion and a price-to-earnings ratio of 303.15. The company has a 50 day moving average price of $723.25 and a 200 day moving average price of $633.13.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.49. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The firm earned $29.10 million during the quarter, compared to the consensus estimate of $27.97 million. The firm’s revenue was up 28.2% on a year-over-year basis. Equities analysts anticipate that Amazon.com Inc. will post $5.40 EPS for the current year.

In related news, Director Patricia Q. Stonesifer sold 6,250 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $726.27, for a total transaction of $4,539,187.50. Following the completion of the transaction, the director now directly owns 13,867 shares of the company’s stock, valued at approximately $10,071,186.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 1,110 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $677.36, for a total value of $751,869.60. Following the transaction, the senior vice president now directly owns 2,375 shares of the company’s stock, valued at $1,608,730. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in AMZN. State of Tennessee Treasury Department raised its position in shares of Amazon.com by 2.9% in the fourth quarter. State of Tennessee Treasury Department now owns 324,407 shares of the e-commerce giant’s stock valued at $219,263,000 after buying an additional 9,224 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Amazon.com by 1.0% in the fourth quarter. Employees Retirement System of Texas now owns 106,500 shares of the e-commerce giant’s stock valued at $71,982,000 after buying an additional 1,100 shares in the last quarter. Roosevelt Investment Group Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at about $27,140,000. Ashburton Jersey Ltd bought a new position in shares of Amazon.com during the fourth quarter valued at about $10,744,000. Finally, Oakmont Corp bought a new position in shares of Amazon.com during the fourth quarter valued at about $34,085,000.

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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